SeaWorld Entertainment, Inc. (SEAS) Lifted to Sell at BidaskClub
BidaskClub upgraded shares of SeaWorld Entertainment, Inc. (NYSE:SEAS) from a strong sell rating to a sell rating in a research report released on Friday.
Other research analysts have also issued reports about the stock. Stifel Nicolaus reaffirmed a buy rating and set a $16.00 price objective (down from $23.00) on shares of SeaWorld Entertainment in a research note on Wednesday, August 2nd. ValuEngine raised shares of SeaWorld Entertainment from a hold rating to a buy rating in a research note on Thursday, August 10th. Janney Montgomery Scott reaffirmed a buy rating on shares of SeaWorld Entertainment in a research note on Friday, October 6th. Zacks Investment Research raised shares of SeaWorld Entertainment from a hold rating to a buy rating and set a $14.00 price objective for the company in a research note on Wednesday, October 18th. Finally, TheStreet lowered shares of SeaWorld Entertainment from a c- rating to a d rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. SeaWorld Entertainment presently has a consensus rating of Hold and an average target price of $15.82.
SeaWorld Entertainment (NYSE SEAS) opened at $12.15 on Friday. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.45 and a current ratio of 0.57. The company has a market cap of $1,098.80, a price-to-earnings ratio of 13.06 and a beta of 0.73. SeaWorld Entertainment has a one year low of $10.79 and a one year high of $20.13.
SeaWorld Entertainment (NYSE:SEAS) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.14). The firm had revenue of $437.70 million for the quarter, compared to analysts’ expectations of $453.58 million. SeaWorld Entertainment had a positive return on equity of 22.94% and a negative net margin of 15.32%. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. equities analysts anticipate that SeaWorld Entertainment will post -2.23 EPS for the current fiscal year.
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In other news, major shareholder Hill Path Capital Partners Lp acquired 417,942 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average cost of $13.31 per share, for a total transaction of $5,562,808.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Hill Path Capital Partners Co- acquired 320,627 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $13.21 per share, with a total value of $4,235,482.67. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,120,169 shares of company stock valued at $14,854,443. Corporate insiders own 3.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board bought a new stake in shares of SeaWorld Entertainment in the second quarter valued at about $499,000. Alpha Windward LLC bought a new stake in shares of SeaWorld Entertainment in the second quarter valued at about $403,000. Hill Path Capital LP raised its holdings in shares of SeaWorld Entertainment by 172.8% in the second quarter. Hill Path Capital LP now owns 12,024,537 shares of the company’s stock valued at $195,639,000 after acquiring an additional 7,616,675 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of SeaWorld Entertainment by 7.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 3,000,000 shares of the company’s stock valued at $38,970,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in shares of SeaWorld Entertainment in the third quarter valued at about $332,000. Hedge funds and other institutional investors own 93.34% of the company’s stock.
About SeaWorld Entertainment
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. As of December 31, 2016, the Company had a diversified portfolio of 12 destination and regional theme parks that are located across the United States.
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